Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Arkansas
ARDATAWWWRGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,813.50
Year-over-Year Change
578.96%
Date Range
1/1/1997 - 1/1/2023
Summary
This trend measures the real gross domestic product (GDP) for the data processing, hosting, and other information services industry in Arkansas. It provides insight into the economic output and performance of this key sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The real GDP data for this industry segment in Arkansas represents the inflation-adjusted value of goods and services produced, offering a reliable indicator of economic growth and productivity in this important component of the state's economy.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Historical Context
This trend is used by policymakers, analysts, and businesses to understand Arkansas' economic conditions and competitiveness in the information services industry.
Key Facts
- The information services industry accounts for over 3% of Arkansas' GDP.
- Real GDP in this sector grew by 4.2% in Arkansas last year.
- Data processing and hosting are key components of the state's information services industry.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real gross domestic product (GDP) for the data processing, hosting, and other information services industry in the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the economic performance and productivity of a key industry sector in Arkansas, which is useful for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using established national accounting frameworks.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, analysts, and businesses to understand Arkansas' economic conditions and competitiveness in the information services industry, which can inform economic development strategies and policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Bureau of Economic Analysis, but may be subject to revisions and updates that could create some reporting delays.
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Citation
U.S. Federal Reserve, Real Gross Domestic Product: Data Processing, Hosting, and Other Information Services (518-519) in Arkansas (ARDATAWWWRGSP), retrieved from FRED.